erp procure to pay workflow
DESCRIPTION
ERP Procure to Pay WorkflowTRANSCRIPT
04/13/2023©SOD Technologies Pvt Ltd.Confidential
ERP - Procure to Pay (Workflow)
04/13/2023©SOD Technologies Pvt Ltd.Confidential
SODTECH ERP
Procure to Pay - Workflow
Vendor Mgmt & Selection
Purchase Order
Goods Receipts
Purchase Invoice
Replenish Reports & Requisition Worksheet
Vendor payment
Complete Management
Visibility
Accounts updated
• Accurate forecasting/ lead-time calculation
• Item Substitution & Drop shipment
• Best match vendor selection• Complete purchase history
• Better control through approval process
• Automated data processing – for goods receipt
• Support for multiple currencies• Extra charge invoicing & assigning to
items
• Vendor ageing report
• Updation of all general ledger accounts• Product Group/country wise purchase
details
04/13/2023
RFQ Screen
04/13/2023
Replenish Report
04/13/2023©SOD Technologies Pvt Ltd.Confidential
SODTECH ERP
Procure to Pay - Workflow
Vendor Mgmt & Selection
Purchase Order
Goods Receipts
Purchase Invoice
Replenish Reports & Requisition Worksheet
Vendor payment
Complete Management
Visibility
Accounts updated
• Accurate forecasting/ lead-time calculation
• Item Substitution & Drop shipment
• Best match vendor selection• Complete purchase history
• Better control through approval process
• Automated data processing – for goods receipt
• Support for multiple currencies• Extra charge invoicing & assigning to
items
• Vendor ageing report
• Updation of all general ledger accounts• Product Group/country wise purchase
details
04/13/2023
Open Requisitions
04/13/2023
Business Partner Setup
04/13/2023
Business Partners
04/13/2023
Product Setup
04/13/2023©SOD Technologies Pvt Ltd.Confidential
SODTECH ERP
Procure to Pay - Workflow
Vendor Mgmt & Selection
Purchase Order
Goods Receipts
Purchase Invoice
Replenish Reports & Requisition Worksheet
Vendor payment
Complete Management
Visibility
Accounts updated
• Accurate forecasting/ lead-time calculation
• Item Substitution & Drop shipment
• Best match vendor selection• Complete purchase history
• Better control through approval process
• Automated data processing – for goods receipt
• Support for multiple currencies• Extra charge invoicing & assigning to
items
• Vendor ageing report
• Updation of all general ledger accounts• Product Group/country wise purchase
details
04/13/2023©SOD Technologies Pvt Ltd.Confidential
Procure to Pay - Workflow
SODTECH ERP
Vendor Mgmt & Selection
Purchase Order
Goods Receipts
Purchase Invoice
Replenish Reports & Requisition Worksheet
Vendor payment
Complete Management
Visibility
Accounts updated
• Accurate forecasting/ lead-time calculation
• Item Substitution & Drop shipment
• Best match vendor selection• Complete purchase history
• Support for multiple currencies• Extra charge invoicing & assigning to
items
• Vendor ageing report
• Updation of all general ledger accounts• Product Group/country wise purchase
details
• Automated data processing – for goods receipt
• Better control through approval process
04/13/2023
Material Receipt
04/13/2023©SOD Technologies Pvt Ltd.Confidential
Procure to Pay - Workflow
SODTECH ERP
Vendor Mgmt & Selection
Purchase Order
Goods Receipts
Purchase Invoice
Replenish Reports & Requisition Worksheet
Vendor payment
Complete Management
Visibility
Accounts updated
• Accurate forecasting/ lead-time calculation
• Item Substitution & Drop shipment
• Best match vendor selection• Complete purchase history
• Better control through approval process
• Automated data processing – for goods receipt
• Support for multiple currencies• Extra charge invoicing & assigning to
items
• Vendor ageing report
• Updation of all general ledger accounts• Product Group/country wise purchase
details
04/13/2023
Invoice (Vendor)
04/13/2023©SOD Technologies Pvt Ltd.Confidential
Procure to Pay - Workflow
SODTECH ERP
Vendor Mgmt & Selection
Purchase Order
Goods Receipts
Purchase Invoice
Replenish Reports & Requisition Worksheet
Vendor payment
Complete Management
Visibility
Accounts updated
• Accurate forecasting/ lead-time calculation
• Item Substitution & Drop shipment
• Best match vendor selection• Complete purchase history
• Better control through approval process
• Automated data processing – for goods receipt
• Support for multiple currencies• Extra charge invoicing & assigning to
items
• Vendor ageing report
• Updation of all general ledger accounts• Product Group/country wise purchase
details
04/13/2023©SOD Technologies Pvt Ltd.Confidential
Procure to Pay - Workflow
SODTECH ERP
Vendor Mgmt & Selection
Purchase Order
Goods Receipts
Purchase Invoice
Replenish Reports & Requisition Worksheet
Vendor payment
Complete Management
Visibility
Accounts updated
• Accurate forecasting/ lead-time calculation
• Item Substitution & Drop shipment
• Best match vendor selection• Complete purchase history
• Better control through approval process
• Automated data processing – for goods receipt
• Support for multiple currencies• Extra charge invoicing & assigning to
items
• Vendor ageing report
• Updation of all general ledger accounts• Product Group/country wise purchase
details
04/13/2023©SOD Technologies Pvt Ltd.Confidential
SODTECH ERP
Procure to Pay – Business Benefits
Lowered Enhanced
• Communication gaps
• Silos of information
• Time to take decisions
• Inaccuracy of Material Planning
• Visibility & transparency across the entire value chain
• Collaboration between teams
• Efficiency
• Reporting and metrics
• Inventory Control